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Erschienen in:
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2018 | OriginalPaper | Buchkapitel

Formalising Credit Markets? The Entrance of English Joint-Stock Banks

verfasst von : Victoria Barnes, Lucy Newton

Erschienen in: Financing in Europe

Verlag: Springer International Publishing

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Abstract

Barnes and Newton explore the activity of English joint-stock banks, as a precursor to the modern corporation, in the provision of credit in the first half of the nineteenth century. They employ new archival data from bank archives to show that while these firms did not have full corporate attributes, they exhibited new governance and managerial structures. The authors find that the changes in organisational form did not result in a new revolutionary way to assess loan applicants. The decision to lend remained based upon informal information gathering through commercial networks as well as upon subjective measures, such as the personality or character of the applicant.

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Vorheriges Kapitel Relationship-Based Finance in Changing European Banking Scenarios: The Case of Parent Schaken et Compagnie (1835–66)
Nächstes Kapitel Towards the Institutionalisation of Credit
Fußnoten
1
LBGA: LUBC, BDM, Book no. 093, 2 Feb. 1837.
 
2
LBGA: LUBC, BDM, Book no. 093, 2 Feb. 1837.
 
3
LBGA: LUBC, BDM, 093, 21 Aug. 1837.
 
4
HSBCGA: HBC, BDM, H4, 21 Jan. 1827.
 
5
HSBCGA: HBC, BDM, H4, 13 June 1828 and15 Aug. 1828.
 
6
RBSGA: NNBC, BDM, 574, 7 Apr. 1834.
 
7
RBSGA: NNBC, BDM, 7 Nov. 1834.
 
8
RBSGA: NNBC, BDM, 574, 4 Mar. 1834 and 4 Apr. 1834.
 
9
HSBCGA, BDM, North and South Wales Bank.
 
10
Given the density of the data, it has been necessary to take sample years. All lending decisions that went before the board in these years have been analysed.
 
11
RBSGA: NNBC, BDM, 574, 18 Apr. 1834.
 
12
RBSGA: NNBC, BDM, 574, 8 May 1835. Sparrow and Co. were private bankers in Essex. See Orbell and Turton (2001: 487) and Dawes and Ward Perkins (2000: 147–8).
 
13
LBGA: LUBC, BDM, Book no. 093, 1 October 1835.
 
14
RBSGA: NNBC, BDM, 574, 3 Apr. 1835.
 
15
HSBCGA: HBC, H4, BDM, 11 Jan. 1828.
 
16
HSBCGA: HBC, H4, BDM, 7 Mar. 1828.
 
17
LBGA: LUBC, BDM, Book no. 093, 4 June 1835.
 
18
LBGA: LUBC, BDM, Book no. 093, 3 Sept. 1835.
 
19
HSBCGA: HBC, H4, BDM, 23 Aug. 1827.
 
20
RBSA: BDBC, BDM, 11,342, 12 June 1838.
 
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Metadaten
Titel
Formalising Credit Markets? The Entrance of English Joint-Stock Banks
verfasst von
Victoria Barnes
Lucy Newton
Copyright-Jahr
2018
Buch
Financing in Europe

Print ISBN: 978-3-319-58492-8

Electronic ISBN: 978-3-319-58493-5

Copyright-Jahr: 2018

DOI
https://doi.org/10.1007/978-3-319-58493-5_13